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Reil [10]
3 years ago
10

Swenson’s Ice Cream is doing business in Somalia. After three successful years of operating three ice cream parlors in the count

ry, the Somali government took over the three ice cream parlors and began operating them and keeping the money paid by customers.Which of the following terms applies to this action by the Somali government?
a. Sovereign immunity
b. Expropriation
c. Protectionism
d. Repatriation
Business
1 answer:
Lena [83]3 years ago
7 0

Answer: Option B

       

Explanation: In simple words, exporation refers to a process under which the state or  any other such authority take over any property from its owner. This could occur for any kind of social reasons.

In the given case, the ice cream parlors were the property of swenson's ice cream but the state took over it and starts operating it on their own.

Hence from the above we can conclude that the correct option is B.

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The _____ stage of the product life cycle is the longest stage, where sales peak and profit margins narrow. in this stage new us
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3 0
2 years ago
On January 2, 2018, Howdy Doody Corporation purchased 15% of Ranger Corporation's common stock for $58,000. Ranger's net income
insens350 [35]

Answer:

Howdy Doody show in the 2018 income statement as income from this investment is $24225

Explanation:

given data

purchased = 15%

common stock = $58,000

net income 2018 = $15,000

net income 2019 = $58,000

dividend  = $61,500

fair value = $73,000

to find out

How much Howdy Doody show in the 2018 income statement as income from this investment

solution

we know that net income to be reported as income by investment is the sum of income from dividend + unrealised gain

so here

unrealised gain = increase in value of stock that is

= $73,000 - $58,000 = $15000      .............1

and

income from dividend is  = 15 % of $61,500

income from dividend = $9225       .................2

now add equation 1 and 2

Howdy doody show in 2018 income statement as income from this investment = Dividend revenue + Unrealized holding gain

income statement = $9225 + $15000

income statement = $24225

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